Photovoltaic inverters are increasingly becoming the 'brains' of photovoltaic power plants. They are related to the long-term reliability, performance, and manageability of photovoltaic power plants. Different application scenarios have different requirements for inverters. There is no single product or technology that meets all requirements. The application requirements. In this market outlook report, BNEF analyzed the global PV inverter market from inverter price, technology and manufacturer market share.
In 2017, Huawei, the Chinese electronics giant, ranked first in global inverter shipments for the third consecutive year. China's solar power suppliers once again ranked second. In 2017, China's newly installed photovoltaic capacity reached 53GW, a record high. Chinese PV inverter manufacturers benefit a lot.
Project developers, asset managers, and financing parties place more emphasis on product operability and product service when selecting inverters. Inverter manufacturers are also trying to differentiate between these two aspects. Digitalization is the most current product of inverters. Hot trends can help improve the performance, reliability, and manageability of power plants while allowing grid companies to understand the operation of the plant.
The shortage of spare parts in 2017 exacerbated the already tight supply situation, caused pressure on some inverter manufacturers, and also limited the decline in inverter prices.
SolarEdge (Nasdaq: SEDG), Israel's component-level power electronics (MLPE) maker, continued to maintain strong growth. Its gross margin reached a record high in the fourth quarter of 2017.
a set of data
89GW (AC side)
In 2017, the total size of the global AC inverter market
48%
The sum of Huawei and Sun Power's share in the global inverter market
1.3
The BNEF project database records the average inverter ratio of photovoltaic projects built in 2017
